Paul Krugman

Paul Krugman @paulkrugman

Lots of stories like this over the past couple of days. Easy and reasonable to mock them: "People who make a lot of money from capital gains say taxing capital gains is terrible." But more to say 1/ https://t.co/JQX6yXq9O1 — PolitiTweet.org

Paul Krugman @paulkrugman

I should add emotional intelligence as well. Caregiving in particular is incredibly demanding — PolitiTweet.org

Paul Krugman @paulkrugman

So while Branko has a point, if you say "We economists neglected inequality" I guess my answer is at least in part, what do you mean "we"? 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

And I dealt with the issue and the lies about it in 1992 4/ https://t.co/giYmbJDhH9 — PolitiTweet.org

Paul Krugman @paulkrugman

In retrospect, too much focus on college-noncollege gap and not on wider issues, but some of us were well aware of those too. I talked about the 1% in that 1990 book 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

That said, international trade economists were very aware of inequality as an issue in the 90s, because we had a model — Stolper-Samuelson — that told us to worry, and a fact — rising imports of manufactures from developing countries — that played right into that model 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Tempted to say "Hey, I never ignored it." But when I published The Age of Diminished Expectations in 1990, the editors wanted me to remove the chapter on soaring inequality, saying that nobody cared 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Yes, yes, yes. I try to say "low-education"; many jobs that don't require a college degree involve far more skill, manual and cognitive both, than jobs that do https://t.co/DfyBUrTneu — PolitiTweet.org

Paul Krugman @paulkrugman

Similar to another thing I'm pretty sure is true: belief that BLM mobs sacked our cities prevails mainly in rural areas, where the reality isn't in front of ppl's noses 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

This may be bc actually interacting with immigrants you tend to see them as human beings. It may also be bc tales of murdering rapists fly less where ppl can see they aren't true 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

With "replacement theory" gaining ground, I thought I'd do some quick and dirty number crunching to confirm what I thought I knew. Using PRRI data on % saying undocumented immigrants should be deported, the most anti-immigrant states are those with few immigrants 1/ https://t.co/w95syO5E4m — PolitiTweet.org

Paul Krugman @paulkrugman

Krugman Wonks Out: The China Shock and the Climate Shock https://t.co/FXEh2M2FAc — PolitiTweet.org

Paul Krugman @paulkrugman

Of course, the stock market isn't the economy, and might well fall or rise for reasons that have nothing to do with good policy. But I was struck by how small the reaction to the tax announcement was — less than 1 percent on the day. — PolitiTweet.org

Paul Krugman @paulkrugman

Actually I'd say an "implosion" https://t.co/9NqDzeHVeo — PolitiTweet.org

Paul Krugman @paulkrugman

Let's talk about the devastating effect on the stock market of Biden's election + his announcement of plans to double taxes on capital gains https://t.co/NcnxkJ9gVy — PolitiTweet.org

Paul Krugman @paulkrugman

Mostly arguments I already know, but this is a great line: "You may have ignored Bitcoin because the evangelists for it are some of the most insufferable people on the planet" https://t.co/a7O7z3q7Vf — PolitiTweet.org

Paul Krugman @paulkrugman

We can, however, safely predict based on past performance that the GOP won't learn from this episode; it won't even admit that it was wrong. Instead, expect many claims that the economic numbers are fake news 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Good article, but what it doesn't say is that predictions of doom would make sense if GOP economic orthodoxy was right. Biden is spending big and raising taxes on "job creators." The economy will boom anyway, bc GOPonomics is all wrong 1/ https://t.co/p2J2lVErQJ — PolitiTweet.org

Paul Krugman @paulkrugman

I'm shocked, shocked to learn that wealthy people think taxing the wealthy is a bad idea https://t.co/E03cetc4kq — PolitiTweet.org

Paul Krugman @paulkrugman

The Mine Workers want to save "coal country," not coal. Still a tall order, but that's a big deal. https://t.co/MFDDOjDjCF — PolitiTweet.org

Paul Krugman @paulkrugman

Yes, there were bad actors. There are always bad actors in any situation. But not many. The idea that our big cities were under threat is pure malevolent fantasy; BLM may have been the best-behaved protest movement in history 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

This would be terrible even if the premise were true — the police, empowered by the law, are supposed to behave better than rioters. But the reality is that BLM protests were overwhelmingly peaceful 2/ https://t.co/6wJj0tyjrV — PolitiTweet.org

Paul Krugman @paulkrugman

In the past few days I've been noticing a lot of what I think of as delusional whataboutism. It runs like this: "OK, maybe police are killing an innocent Black person every day or so, but what about all the killing and looting by BLM mobs?" 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Unfortunately, given where America is, pointing out the destructiveness of selfish behavior will probably just encourage the bad actors to act even worse ... 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

But on vaccines, it's rapidly becoming clear that the crucial question isn't how many vaccines we can supply, it's how many people are willing to take them. Individual choices to be irresponsible and not take the shots may have catastrophic effects 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

On issues like climate change, personal decisions are of marginal importance: we can't save the planet by persuading more people to paper instead of plastic or eat less meat. It's almost all about public policy 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

One thing I haven't seen pointed out much as the vaccination campaign moves forward is that this is a rare case in which individual decisions about whether to act responsibly are crucial to the outcome 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

In reality, given that GOP supporters believe that rampaging mobs burned and looted major cities — somehow without the people actually living in those cities noticing — getting them to see facts about something as abstract as the deficit is a hopeless cause 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

You might think that it would be hard to obsess over the deficit when it was actually Trump who blew the deficit up, to zero complaints from his party. But that would be assuming that R voters know about that, or would even be willing to hear it 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

So pretty much the *only* issues Republicans are worked up about in this Pew survey are illegal immigration and the deficit (Pew didn't ask about the menace of BLM and Antifa) 1/ https://t.co/SISAoAFNqg — PolitiTweet.org